Last Sold Price
30 beds
1216 Major St, Normal, IL 61761

Description

Three (3) buildings with 10-efficiencies per building. 100% occupied, Below market rents $330-375/month, Abundant parking, Simple layout for easy updating, Less than 1 mile to ISU Campus, 11 minutes to Heartland Community College & 13 minutes to Rivian. Property will be open on Thursday, June 2, from 10 a.m. - 2 p.m. for interested parties to view a couple of units. Please do not disturb owner, property manager or tenants.Three (3) buildings with 10-efficiencies per building. 100% occupied, Below market rents $330-375/month, Abundant parking, Simple layout for easy updating, Less than 1 mile to ISU Campus, 11 minutes to Heartland Community College & 13 minutes to Rivian. Property will be open on Thursday, June 2, from 10 a.m. - 2 p.m. for interested parties to view a couple of units. Please do not disturb owner, property manager or tenants.
LISTING CLOSED: 08/29/2022 12:00 AM

  1. Listed by Meghan O'Neal-Rogozinski • Coldwell Banker Commercial Real Estate Group
    P: (309)-664-3617 C: (309)-532-1808 meghan.oneal@cbcregroup.com

Sold By RE/MAX Rising

Property Details for 1216 Major Street

Status
MLS #
11419073
Days on Market
22
Taxes
$26,851 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family 5+ / Corridor-Exterior Entrance
Year Built
1972
Lot Size
1.45 AC / 63,162 SF
Area
Normal
Township
Normal
Num Of Parking Spaces
55.0
Air Conditioning Type
Window Unit(s)
Num of Interior Fireplaces
0
Zoning
MULTI

Location

Add your commute

Building Information for 1216 Major Street

Stories1Residences30Year Built1972Building Size-Lot Size1.45 AC / 63,162 SF

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Principal and Interest

$5,083

Property Taxes

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Property Information for 1216 Major Street

General Information
Location and General Information
  • BNAR Zoning: R3A
  • Information: Other-See Remarks
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Separate Meters
  • # Of Washers: 0
  • Heat/Ventilation: Wall Unit
  • # Of Window/Ac: 30
  • # Of Refrigerators: 30
  • Washer/Dryer Lsd: No
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 30.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Dimensions: 398 X 160
  • Lot Size Square Feet: 63162.0
  • Stories: 1
  • Building Area Total: 13992
  • Lot Size Source: County Records
  • # Of Ranges: 30
  • Conversion: N
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 20
  • Deconversion: N
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 06-10-2022
Multi Family
Multi-Family Information
  • Number Of Units Total: 30
Income & Expenses
  • Electric Expense: $1,436.00
  • Fuel Expense: $7,899.00
  • Gross Income: $125,389.00
  • Gross Scheduled Income: $125,389.00
  • Insurance Expense: $3,810.00
  • Maintenance Expense: $.00
  • Manager Expense: $7,414.00
  • Electric Expense Source: Actual
  • Expense Year: 2021
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Manager Expense Source: AC
  • Net Operating Income Year: 2021
  • Other Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 10449
  • Water Expense Source: Actual
  • Net Operating Income: $57,678.00
  • Operating Expense: $67,711.00
  • Other Expense: $3,719.00
  • Trash Expense: $2,653.00
  • Water Sewer Expense: $13,929.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 30
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1216 Major Street

DateEvent & SourcePriceAppreciation
Aug 29, 2022

Sold

MRED #11419073

$1,000,000
Jun 20, 2022

Pending

MRED #11419073

Jun 20, 2022

Contingent

MRED #11419073

DateEvent & SourcePrice
08/29/2022

Sold

MRED #11419073

$1,000,000
06/20/2022

Pending

MRED #11419073

06/20/2022

Contingent

MRED #11419073

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1216 Major Street

Taxable ValueLand$22,377Additions$113,052Total$135,429
Tax Record2025$10,520 ($877 / month)
Home Facts
Total Finished SqFt4,664 SqFtAbove Grade Finished SqFt4,664 SqFtStories1Lot Size22,080 SqFtStyleCommercialYear Built1972ZoningR-3ACountyMCLEANAPN14-32-278-010

Schools near 1216 Major Street

This home is within Mclean County Community Unit School District 5.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 12
Rating
School
Distance
Oakdale Elementary School
PublicK to 5

Kingsley Jr High School
Public6 to 8

Normal Community West High School
Public9 to 12

Eugene Field School
Public12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1216 Major Street, Normal, IL 61761
$1,000,000
30
63,162
$60,000
3
2
1,440
7,000
$210,000
$210,000
4,664
20,800
9,600

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Commercial Real Estate Group

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 08/31/2022 03:01 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.